eBay (EBAY +3.7%) reportedly leads a $50M funding round for Snapdeal, a fast-growing Indian...

|About: eBay Inc. (EBAY)|By:, SA News Editor

eBay (EBAY +3.7%) reportedly leads a $50M funding round for Snapdeal, a fast-growing Indian e-commerce marketplace that now claims 20M users and is expected to handle ~$400M in transactions this year. Relative to China, where Alibaba has grown into a colossus, India's e-commerce penetration rates are still low. Meanwhile, sell-side praise continues to pour in for eBay's analyst day (previous). Baird and Cantor are pleased with eBay's strong margin forecasts for PayPal, in light of digital wallet fee concerns. (analyst day slides)